R50/53 Getting out of MINI retail lease
Getting out of MINI retail lease
Sorry if this isn't the right forum.
I'm selling my 06 MINI
and was wondering and have been asked
if I can transfer the lease. I didn't see anything in my contract.
Has anyone done/know anything on this.
Thanks to all for any help.
Studog
I'm selling my 06 MINI
and was wondering and have been askedif I can transfer the lease. I didn't see anything in my contract.
Has anyone done/know anything on this.
Thanks to all for any help.
Studog
Yes you can (assuming you have a BMW Financial lease), 3 things need to be ineffect:
1. You need to br current on your payments
2. The lease assumer needs to make application to BMW Financial. The fee was $450 when I did it
3. The lease assumer needs to be aprroved by BMW Financial.
After that it is pretty painless with the Fedexing of paperwork, mine took like a week. BMW Financial people are pretty efficient. One note you can schedule an appointment through BMW Financial to have their Lease person at a dealership evaluate the car for pre-existing damage. My evaluation found scrapes on the bumper that would have cost me $250 when I turned in the car at the end of the lease (not that I plan too), so the original leasor gave me the $250. Michael
1. You need to br current on your payments
2. The lease assumer needs to make application to BMW Financial. The fee was $450 when I did it
3. The lease assumer needs to be aprroved by BMW Financial.
After that it is pretty painless with the Fedexing of paperwork, mine took like a week. BMW Financial people are pretty efficient. One note you can schedule an appointment through BMW Financial to have their Lease person at a dealership evaluate the car for pre-existing damage. My evaluation found scrapes on the bumper that would have cost me $250 when I turned in the car at the end of the lease (not that I plan too), so the original leasor gave me the $250. Michael
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